Favorable Press Coverage Somewhat Likely to Impact The Hackett Group (HCKT) Share Price
News coverage about The Hackett Group (NASDAQ:HCKT) has been trending positive recently, according to Alpha One Sentiment Analysis. The research firm, a subsidiary of Accern, ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Hackett Group earned a media sentiment score of 0.48 on Alpha One’s scale. Alpha One also assigned press coverage about the business services provider an impact score of 57 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the stock’s share price in the near future.
A number of research firms have recently commented on HCKT. Zacks Investment Research raised shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Friday, February 24th. Griffin Securities reaffirmed a “buy” rating on shares of The Hackett Group in a report on Friday, March 10th.
The Hackett Group (NASDAQ:HCKT) traded down 1.12% during trading on Friday, hitting $19.38. 119,763 shares of the stock were exchanged. The firm has a 50-day moving average of $19.26 and a 200-day moving average of $17.63. The stock has a market capitalization of $565.64 million, a price-to-earnings ratio of 29.36 and a beta of 1.00. The Hackett Group has a 52 week low of $13.06 and a 52 week high of $20.69.
The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings data on Tuesday, February 21st. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The Hackett Group had a return on equity of 23.77% and a net margin of 6.80%. The company earned $70.05 million during the quarter, compared to the consensus estimate of $67.90 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. Equities research analysts anticipate that The Hackett Group will post $1.04 earnings per share for the current fiscal year.
In other news, Director Richard N. Hamlin sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $20.01, for a total value of $800,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 20.90% of the company’s stock.
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The Hackett Group Company Profile
The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.
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